EconPapers    
Economics at your fingertips  
 

Innovation and firm growth in high-tech sectors: A quantile regression approach

Alex Coad () and Rekha Rao-Nicholson

Research Policy, 2008, vol. 37, issue 4, 633-648

Abstract: We relate innovation to sales growth for incumbent firms in high-tech sectors. A firm, on average, experiences only modest growth and may grow for a number of reasons that may or may not be related to innovative activity. However, given that the returns to innovation are highly skewed and that growth rates distributions are heavy-tailed, it may be misleading to use regression techniques that focus on the 'average effect for the average firm'. Using a quantile regression approach, we observe that innovation is of crucial importance for a handful of 'superstar' fast-growth firms.

Date: 2008
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (404)

Downloads: (external link)
http://www.sciencedirect.com/science/article/pii/S0048-7333(08)00015-2
Full text for ScienceDirect subscribers only

Related works:
Working Paper: Innovation and Firm Growth in High-Tech Sectors: A Quantile Regression Approach (2007)
Working Paper: Innovation and Firm Growth in High-Tech Sectors: A Quantile Regression Approach (2006) Downloads
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:eee:respol:v:37:y:2008:i:4:p:633-648

Access Statistics for this article

Research Policy is currently edited by M. Bell, B. Martin, W.E. Steinmueller, A. Arora, M. Callon, M. Kenney, S. Kuhlmann, Keun Lee and F. Murray

More articles in Research Policy from Elsevier
Bibliographic data for series maintained by Catherine Liu ().

 
Page updated 2025-03-23
Handle: RePEc:eee:respol:v:37:y:2008:i:4:p:633-648